Aluminium prices fell on Friday while zinc, nickel, and lead also dropped. Investors reacted to reports that US President Donald Trump may reduce tariffs on imported metals. Markets priced in a potential shift ahead of November’s midterm elections. The three-month aluminium contract on the London Metal Exchange lost more than 2.5% to $2,965.75 per tonne by midday. On the Shanghai Futures Exchange, the most active aluminium contract fell 1.76% to 23,195 yuan per tonne. Industrial Metals Follow Aluminium Lower Zinc traded at $3,316.50 per tonne, down $51.95 or 1.54%. Nickel fell $257 to $16,993.38 per tonne, a drop of 1.49%.…
Author: Grace Johnson
US President Donald Trump revoked a 2009 scientific finding that labeled greenhouse gases a threat to public health. The rule had formed the legal foundation for federal efforts to reduce emissions from vehicles, power plants, and industry. The White House called the move the “largest deregulation in American history,” claiming it will cut vehicle costs by $2,400 and ease pressure on automakers. Environmental groups warned it represents the most significant climate rollback to date and said they will challenge it in court. Trump criticizes Obama-era climate rules Speaking in the Oval Office, Trump described the 2009 finding as “a disastrous…
Tight Vote Highlights Divisions in Congress The US House of Representatives voted to overturn President Donald Trump’s tariffs on Canadian goods. Lawmakers approved the resolution with 219 votes in favor and 211 votes against. Six Republican lawmakers joined Democrats to support the measure. The vote remains largely symbolic because the US Senate must approve it and Trump must sign it. Trump is very unlikely to approve the measure if it reaches his desk. Trump Increased Tariffs After Re-Election Trump imposed several tariffs on Canada after his re-election. He recently threatened a 100% import tax in response to Canada’s proposed trade…
FDA Declines to Accept Seasonal Flu Shot Filing The US Food and Drug Administration refused to accept Moderna’s application to review its first mRNA seasonal flu vaccine. The company confirmed the decision on Tuesday. The refusal represents another hurdle for mRNA vaccine development in the United States. Several officials in the Trump administration have recently criticized the technology. The FDA said the application lacked an adequate and well-controlled trial. The agency said the control group did not reflect the best available standard of care in the United States during the study. Moderna said regulators did not raise any safety or…
Discord will soon require users worldwide to verify their age before accessing adult content. Users must confirm their age with a face scan or upload an official ID. The platform says it has more than 200 million monthly users. The company says the new safety system will place all users into a teen-appropriate environment by default. Discord already requires age checks in the UK and Australia to comply with safety laws. The platform will roll out the system globally from early March. Savannah Badalich, Discord’s policy head, said teen safety remains a top priority. She added that teen-by-default settings strengthen…
The Seattle Seahawks overpowered the New England Patriots with a dominant defensive performance, winning the Super Bowl 29-13 at Levi’s Stadium. The victory gave Seattle its second championship in franchise history. Two of the NFL’s most formidable defences met in the season’s biggest game, and Seattle controlled the field from the first play. Briton Aden Durde became the first overseas coach to lift the league’s top prize in the United States. Dark Side Defence Rules the Super Bowl Seattle’s 46-year-old defensive coordinator has built the NFL’s most feared unit, nicknamed “the Dark Side.” On Super Bowl Sunday in Santa Clara,…
Zillow and Redfin predict gradual improvement in the housing market in 2026. Analysts say mortgage payments are lower than last year, while inventory, home prices, and sales are beginning to stabilize. This shift could create new opportunities for buyers and make homeownership more accessible. Homebuyers are seeing a market that is less competitive than in previous years. Inventory is slowly growing, giving families more choices when shopping for homes. At the same time, price growth is moderating. While homes are still valuable, they are not rising as quickly, which may ease pressure on buyers who have been waiting for affordability…
A South Korean cryptocurrency exchange accidentally sent customers more than 40 billion dollars in bitcoin. The mistake briefly turned some users into multimillionaires. The company had intended to give a small reward of 2,000 won, worth about 1.37 dollars. Instead, it sent 2,000 bitcoins to customers on Friday. The platform Bithumb apologised for the error and described the incident. The company said it quickly noticed the mistake and recovered nearly all missing tokens. It restricted trading and withdrawals for 695 affected customers within 35 minutes of the glitch. Exchange Recovers Almost All Erroneous Transfers Bithumb said it retrieved 99.7 percent…
US President Donald Trump has signed an executive order threatening tariffs on countries that continue trading with Iran. The order does not set a fixed rate but uses 25 percent as an example. It states the tariff could apply to goods imported into the United States from any nation that directly or indirectly purchases goods or services from Iran. Trump did not comment directly on the order but emphasized that Iran must not acquire nuclear weapons. He spoke from Air Force One while senior US and Iranian officials held talks in Oman after weeks of escalating threats. Trump had already…
The European Union has demanded that TikTok change its platform design or face major financial penalties. The European Commission said the video app broke EU online safety rules. Officials reached this conclusion after an investigation that began in February 2024. Regulators focused on how TikTok’s features influence user behaviour. The Commission said TikTok failed to properly evaluate risks to mental wellbeing. Investigators highlighted autoplay and continuous content feeds. They said these features can harm users, especially children. Regulators also said TikTok did not put in place enough safeguards to limit these risks. TikTok rejected the findings through a company spokesperson.…